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New York BBB Wise Giving Report for
Fund for Public Schools

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
07/2015
Name:
The Fund for Public Schools
Formerly known as:
-----------
Address:
52 Chambers Street
Room 305
New York, NY 10007
Phone:
212-374-2874
Year, State Incorporated:
1982, New York
Affiliates:
None
Stated Purpose:
" Dedicated to improving New York City's Public Schools by attracting private investment in school reform and encouraging greater involvement by all New Yorkers in the education of our children. "






Evaluation Conclusions
 

              
The Fund for Public Schools meets the 20 Standards for Charity Accountability.




Programs
 

              
The Fund for Public Schools seeks to inspire belief in public schools and encourages all New York City residents to support their public schools. The organization partners with leading corporations and organizations to drive awareness of the needs of NYC public schools and raises critical funds to meet those needs. In addition, the organization has initiated many school-based partnerships to create new libraries, playgrounds and other projects that benefit individual schools.



Governance
 

              
Chief Executive Officer:
Iris Chen, Executive Director
Chair of the Board:
Mr. Dennis Walcott
Chair's Profession / Business Affiliation:
New York City Department of Education/ Chancellor
Board Size:
10
Paid Staff Size:
10



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Grant proposals, internet
Fund raising costs were 2.7% of related contributions. (Related contributions, which totaled $22,173,886, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on The Fund for Public School's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Contributions and grants

$21,305,578

Donated services

868,308

Interest income

622,757

Net investment earnings (losses)

(62,989)

Total Income

$22,733,654

Program Expenses  

Program Services

$25,038,534
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

25,038,534
593,443
1,223,325

$26,855,302

$(4,121,648)




Uses of Funds as a % of Total Expenses


Programs: 93%  Fund Raising: 2%  Administrative 5% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $32,265,218
Ending net assets 28,143,570
Total liabilities 10,092,453

Total assets

$38,236,023






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.